Team Gilboa Ski Club Of Minnesota
- Assets
- $382.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 80
- Location
- Edina, MN
- Founding
- 07/1987
- Data as of
- 05/2024
- EIN
- 41-1544715
Organization Overview
Team Gilboa Ski Club Of Minnesota is located in Edina, MN. The organization was established in 1987. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2024, Team Gilboa Ski Club Of Minnesota employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Gilboa Ski Club Of Minnesota is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Team Gilboa Ski Club Of Minnesota generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.2m during the year ending 05/2024. While expenses have increased by 7.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ALPINE SKI RACING, WE DEVELOP AND INSPIRE A COMMUNITY OF YOUNG ATHLETES WHO STRIVE FOR EXCELLENCE, COMPETE WITH INTEGRITY, AND PURSUE A LIFELONG LOVE OF SKIING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM GILBOA CONTINUES ITS 30+ YEAR TRADITION OF INSPIRING AND DEVELOPING EXTRAORDINARY ALPINE SKI RACERS THROUGH COMPREHENSIVE PROGRAMMING. FOR OUR 500+ ATHLETES AGES 6 TO 19, WE HOST UNITED STATES SKI ASSOCIATION (USSA) AND RELATED PROGRAMS THAT INSPIRE, CHALLENGE, AND DEVELOP EACH AND EVERY RACER TO REACH EXCEPTIONAL LEVELS. LED BY EXPERIENCED, PROFESSIONAL, FULL-TIME COACHES, WE GUIDE RACERS THROUGH PROGRESSIONS THAT TEACH SKILL DEVELOPMENT MATCHED WITH SPEED ACQUISITION. TEAM GILBOA'S CORE VALUES DRIVE OUR DAILY PROGRAMING, OUR STAFF DECISION MAKING, AND GIVE OUR ATHLETES PURPOSE WHILE TRAINING. EACH DAY TEAM GILBOA ATHLETES TRY TO LIVE THE CORE VALUES OF PASSION FOR SKIING, CONSTANT IMPROVEMENT, AND STRONG COMMUNITY. WE ARE PROUD TO BE CERTIFIED BY THE U.S. SKI AND SNOWBOARD AS A GOLD LEVEL CLUB. WE ARE PROUD TO BE A ONE-OF-A-KIND, NON-PROFIT SKI CLUB BASED OUT OF HYLAND HILLS.
IN AN EFFORT TO SUPPORT TEAM GILBOA'S CORE VALUES (PASSION FOR SKIING, CONSTANT IMPROVEMENT, AND STRONG COMMUNITY) THE CLUB HAS A ROBUST OFFERING OF RACES AND TRAINING CAMPS. THESE CAMPS ARE OFTEN WHERE ATHLETES ACHIEVE BREAKTHROUGHS IN THEIR SKIING CAREER, GUIDED BY TEAM GILBOA'S PROFESSIONAL STAFF. NOT ONLY ARE THESE TRAINING CAMPS CRITICAL FOR ATHLETIC PERFORMANCE, BUT THEY ALSO PROVIDE EXCELLENT OPPORTUNITIES FOR THESE YOUNG PEOPLE TO GROW AND LEARN VALUABLE LIFE SKILLS SUCH AS TIME MANAGEMENT, THE IMPORTANCE OF TEAMWORK, WHAT IT MEANS TO BE PART OF A COMMUNITY, HOW TO SET AND MONITOR PROGRESS TOWARDS GOALS, AND HOW TO WORK HARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Monico President | OfficerTrustee | 3 | $0 |
Chris Lappi Treasurer | OfficerTrustee | 3 | $0 |
Ricky Brown Vice President | OfficerTrustee | 3 | $0 |
Megan Feeney Secretary | OfficerTrustee | 3 | $0 |
Charlie Adair Member At Large | Trustee | 1 | $0 |
Jinah Chernivec Member At Large | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,031 |
| Total Program Service Revenue | $1,000,761 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,134,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,381 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,104 |
| Compensation of current officers, directors, key employees. | $4,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,670 |
| Payroll taxes | $42,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,400 |
| Fees for services: Accounting | $58,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $0 |
| Office expenses | $3,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,940 |
| Travel | $312,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,627 |
| Insurance | $44,010 |
| All other expenses | $10,511 |
| Total functional expenses | $1,208,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,824 |
| Savings and temporary cash investments | $2,873 |
| Pledges and grants receivable | $17,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,806 |
| Net Land, buildings, and equipment | $69,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,845 |
| Total assets | $382,082 |
| Accounts payable and accrued expenses | $75,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,160 |
| Total liabilities | $110,018 |
| Net assets without donor restrictions | $246,337 |
| Net assets with donor restrictions | $25,727 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $382,082 |